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04-05-2021 12:56 PM | Source: Kedia Advisory
Buy Silver May 2021 @ 64750 SL 64000 TGT 65700-66500.MCX
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SILVER

Silver trading range for the day is 62942-66228.

Silver gained on a retreat in the dollar and U.S. bond yields, while grim jobless data raised prospects for a slower economic recovery.

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, the Labor Department said.

Also, President Biden unveiled a $2.25 trillion infrastructure plan to boost the economic recovery, which could push inflation higher.

The yield on the U.S. 10-year Treasury Note dropped from around 1.7%.

BUY SILVER MAY 2021 @ 64750 SL 64000 TGT 65700-66500.MCX

 

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